We help our City Place Community Along Each Step of the Way., Simpler, Smarter All Kinds of Residential and Commercial Mortgages. As City Place Community Neighborhood Mortgage, we Understand the Area Better Other.
A second mortgage loan is a lien / charge registered on the title (deed) of a property in second priority, for the purpose of getting financing from the equity of a home. Second mortgages, have a term, interest rate, monthly payment, pre-payment penalties, maturity date and the same characteristics as a first mortgage. Although there are similarities between first and second mortgages, in terms of framework, the term, interest rate, monthly payment, and features of a second mortgage differ greatly from a first mortgage.
Unlike other types of loans, you can use the money from your second mortgage for almost anything.
We’ll help you understand all your financing options and find a mortgage you can manage. We will guide you through the process and will take an easy, quick and hassle free process.
City Place Mortgage Inc. is affiliated with Ontario's well known Mortgage service company Mortgage Associates Ontario Inc. It was founded in 2013 with the goal of making home ownership affordable and accessible.